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    IA Cedar Rpd Cedar Rapids, IA 52411

    Sponsored
    For Sale
    $594,828

    1.4 Acres, 60,984 SF, $594,828

    Property size:
    60,984 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.4-acre commercial lot (60,984 square feet) in Cedar Rapids, Iowa, is located at Lot 1A Buffalo Ridge Drive NE, 52411, within the thriving Edgewood Town Centre (ETC). Zoned S-MR, this Class A property offers unparalleled potential for a variety of commercial ventures. Its prime location boasts easy access to Highway 100/Collins Road extension and the I-380 interchange, ensuring high visibility and convenient access for customers and employees. Daily traffic counts on Edgewood Road NE exceed 35,000 vehicles. The property benefits from its proximity to other successful commercial developments, including The Fountains and Peck's Landing, and is situated in a rapidly expanding residential and commercial sub-market with the highest household income demographics in the area. The lot's size allows for flexibility in development, whether building from the ground up or utilizing a build-to-suit option. The opportunity to combine with adjacent lots for larger-scale projects is also available. This is a rare chance to secure a prominent location in one of Cedar Rapids' most promising commercial hubs, anchored by a large Fleet Farm store. The asking price is $594,828.

    Property Features for IA Cedar Rpd

    General Information

    Property type
    Retail properties
    Square Feet
    60,984 SF
    Class
    A
    Lot Size
    60,984 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.703378232714
    Latitude
    42.03357548952

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    FAQs

    What type of property is this?
    Retail property - 1.4 Acres, 60,984 SF, $594,828
    Where is this retail property located?
    The property is located at IA Cedar Rpd Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $594,828.
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    IA Cedar Rpd Cedar Rapids, IA 52411
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    IA Cedar Rpd Cedar Rapids, IA 52411
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